Michael German - Corning Natural CEO
CEO
Mr. Michael I. German is President, Chief Executive Officer, Director of the Company. Mr. German also serves as president of Corning Appliance, Pike, and our joint venture investments, Leatherstocking Gas Company, LLC and Leatherstocking Pipeline Company, LLC and serves on the boards of Leatherstocking Gas, Leatherstocking Pipeline and Pike. Prior to joining the Company, he was senior vice president, utility operations for Southern Union Company where he was responsible for gas utility operations in Missouri, Pennsylvania, Rhode Island and Massachusetts. From 1994 to 2005, Mr. German held several senior positions at Energy East Corporationrationration, a publiclyheld energy services and delivery company, including president of several utilities. From 1978 to 1994, Mr. German worked at the American Gas Association, finishing as senior vice president. From 1976 to 1978, Mr. German worked for US Energy Research and Development Administration. Mr. German is a board member of the Northeast Gas Association, Ampco Pittsburgh Corporation and several nonprofit organizations. Mr. Germans role as president and chief executive officer and responsibility for the daytoday operations and significant strategic initiatives, as well as his extensive experience in utility and public company operations, led the board to conclude that Mr. German should continue to serve as a director. since 2013.
Age | 65 |
Tenure | 11 years |
Phone | 607 936 3755 |
Web | https://www.corninggas.com |
Corning Natural Management Efficiency
The company has return on total asset (ROA) of 2.61 % which means that it generated a profit of $2.61 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 4.59 %, meaning that it created $4.59 on every $100 dollars invested by stockholders. Corning Natural's management efficiency ratios could be used to measure how well Corning Natural manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 80.43 M in liabilities with Debt to Equity (D/E) ratio of 1.9, which is about average as compared to similar companies. Corning Natural Gas has a current ratio of 0.5, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Corning Natural until it has trouble settling it off, either with new capital or with free cash flow. So, Corning Natural's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Corning Natural Gas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Corning to invest in growth at high rates of return. When we think about Corning Natural's use of debt, we should always consider it together with cash and equity.
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Management Performance
Return On Equity | 4.59 | |||
Return On Asset | 2.61 |
Corning Natural Gas Leadership Team
Elected by the shareholders, the Corning Natural's board of directors comprises two types of representatives: Corning Natural inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corning. The board's role is to monitor Corning Natural's management team and ensure that shareholders' interests are well served. Corning Natural's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Corning Natural's outside directors are responsible for providing unbiased perspectives on the board's policies.
Matthew Cook, VP of Operations | ||
Theodore Gibson, Independent Director | ||
Michael German, CEO and President Director and Member of Corporate Governance and Community Relations Committee | ||
Ted Gibson, Independent Director | ||
Robert Johnston, Independent Director | ||
Joseph Mirabito, Independent Director | ||
George Welch, Independent Director | ||
Russell Miller, VP of Gas Supply and Marketing | ||
Firouzeh Sarhangi, CFO, Principal Accounting Officer and Treasurer | ||
Stanley Sleve, VP of Admin. and Secretary | ||
William Mirabito, Independent Director | ||
Henry Cook, Independent Chairman of the Board | ||
John Williamson, Independent Director |
Corning Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Corning Natural a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity | 4.59 | |||
Return On Asset | 2.61 | |||
Profit Margin | 4.73 % | |||
Operating Margin | 14.96 % | |||
Current Valuation | 161.25 M | |||
Shares Outstanding | 3.08 M | |||
Shares Owned By Insiders | 43.36 % | |||
Shares Owned By Institutions | 22.02 % | |||
Price To Earning | 28.36 X | |||
Price To Book | 2.13 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Corning Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Corning Natural's short interest history, or implied volatility extrapolated from Corning Natural options trading.
Pair Trading with Corning Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Corning Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Corning Natural will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Other Consideration for investing in Corning OTC Stock
If you are still planning to invest in Corning Natural Gas check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Corning Natural's history and understand the potential risks before investing.
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